Recently, a trend of Stephen Chow once again brought Web3 into the public's vision. On October 18, Stephen Chow, who has always been low-key and does not play social media, opened an account on the INS platform and announced that he would recruit Web3 talents to build momentum for himself in the Web3 entry.
Stephen Chow's attention to the Web3 and NFT markets was not on a whim. As early as March this year, he had already talked with the founder of the NFT project FWENCLUB on the Discord website, and publicly expressed his positive attitude towards NFT, blockchain, and metaverse. This time, he finally took another important step towards Web3.
So what exactly is Web3? Why has it attracted the attention of Stephen Chow, who has been away from the world for a long time? The concept of
Web 3 comes from Gavin Wood, co-founder of Ethereum in 2014. He believes that Web 3 is a "decentralized ecosystem based on blockchain", and blockchain is the cornerstone of Web 3 technology. On Web3, people do not need to interact and trade through a centralized platform. Participants can interact freely on Web3, and the data is all on the blockchain, while the private key is only in the hands of the owner. People freely dominate their own data. Unless they agree, no one can take away or tamper with the data assets.
Web3 exists in various forms, including decentralized social networks, trading with crypto tokens, and an NFT platform that allows people to buy and sell digital versions of cultural products. In Web3, payment and clearing do not require direct peer-to-peer payment through financial institutions like banks; people can create "non-fungible tokens" (NFTs) to enable collection, auction, circulation, etc. of their works (songs, pictures, etc. digital product ). What is the significance of the emergence of
Web3?
In the view of Black Bee Technology, Web3 has built a large-scale collaboration system that is decentralized and detrustworthy. Decentralization avoids the risk of centralized power concentration; detrustration only writes operating rules based on "contract", which improves the efficiency of overall collaboration.
In the past, user data had control over major manufacturers and governments. Theoretically, as long as someone wants, data deletion and tampering can be achieved. In addition, the website also has some unfair terms, such as the website uses user output to attract traffic and requires sharing the user's interests, and users can only obtain a little meager return. On Web3, people conduct direct transactions through the rules of the agreement. Through decentralized wallets, they can interact with smart contracts by simply using the "wallet address" that cannot represent their identity, avoiding commissions and tampering by intermediaries. Even if they don't know each other, as long as they believe in the same contract system and institutional rules, they can cooperate with each other and directly conduct various complex transactions, financial activities and even the current diversified NFT applications and operations. Web3 is rooted in such a trading system.
At present, other celebrities and celebrities are also actively "testing the waters" and entering the Web3 market with NFT as a tip. For example, on the first day of 2022, Jay Chou jointly released the "Fantasy Bear" NFT with the meta-universe platform Ezek. It sold out after 40 minutes of online launch, and it collected 62 million yuan. In the future, Jay Chou Music also joined hands with its thin box app to create the "Jay Chou Limited Collection DEMO Space". Users spent "real money" to obtain "collectable digital keys", and those who entered the game were also Wang Feng , he also released the Web3 music album...
Web3 has brought innovations in the Internet interaction form. Although web3.0 is still in the concept period, there are also many Internet platforms that only use the concept of Web3 to layout the future form of their own business, and there is no clear technical implementation path, but the future of Web3 has indeed arrived! We will wait and see how Web3 can affect real life!
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